S.C. Cambatta & Co. (P) Ltd. vs Commissioner Of Income Tax

Authority: Supreme Court Date: 1960-11-30 AY: 1944-45, 1945-46, 1946-47 Section: 256, 256(2) Acts: Excess Profits Tax Act, Business Profits Tax Act, Indian Income Tax Act Result: Assessee Citation: (1961) 41 ITR 500 (SC) Justices: J.L. Kapur, M. Hidayatullah & J.C. Shah, JJ. Appeal No: Civil Appeals Nos. 776 and 777 of 1957
Whether the Tribunal correctly applied Section 8(3) of the Excess Profits Tax Act in excluding goodwill from capital computation --- Held No; Whether goodwill value should be included in capital employed computation --- Held Yes, but requires proper valuation considering all relevant factors.

šŸ”’ Direct Access Blocked

For your security and to prevent unauthorized automated access, individual judgment links cannot be opened directly. Please access this content via Google Search or the TaxPundit Search Portal.

AI Deep Dive
0/5 selected

Membership Required

Unlock official PDFs for all landmark cases.

JOIN NOW āž”
Shopping Cart